Life as a carbon-based life form; a journey of building on success and learning from mistakes.

Mon, 07 Jun 2010 23:43:17 +1000

Drive: The surprising truth about what motivates us

An interesting technique for communicating idea. A must view for anyone who employs or manage staff in a creative enterprise.

Sat, 12 Jun 2010 09:13:56 +1000

Henry tax review

One of the many reason I like reading reports is to get the facts straight from the source without the media spin.

Despite much hype, the 2010 Federal Budget and the Goverment's response to the Henry tax review have resulted in few significant structural changes to the tax, superannuation and social security systems in Australia.

Sumary of the key annoucements:

Individual will only need to include 50% of interest income of up to $1,000 from certain investments in their tax return.

Taxpayer will have the option to claim a standard tax deduction of $500 in 2010-2013, increasing to $1,000 in 2013-14.

The personal tax cuts announced in the 2009 Federal Budget have confirmed, these changes are higlighted in bold below.

Current threholds(2009-10)

Tax rate

Thresholds in 2010-11(and thereafter)

Tax rate

$0 - $6,000

0%

$0 - $6,000

0%

$6,001 - $35,000

15%

$6,001 - $37,000

15%

$35,001 - $80,000

30%

$37,001 - $80,000

30%

$80,001 - $180,000

38%

$80,001 - $180,000

37%

$180,000+

45%

$180,000+

45%

Mon, 21 Jun 2010 13:11:15 +1000

Colour of Autumn

Weekend away for two in the Blue Mountains. Get lost in colour of Autumn and early morning fog.

I like the new Nothing Like Australia campaign by Tourism Australia. If I new earlier, I would have entered the competition.